Last $3.68 USD
Change Today +0.08 / 2.22%
Volume 1.1M
HOV On Other Exchanges
Symbol
Exchange
New York
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OTC US
As of 1:29 PM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

hovnanian enterprises-a (HOV) Snapshot

Open
$3.60
Previous Close
$3.60
Day High
$3.69
Day Low
$3.58
52 Week High
01/3/14 - $6.80
52 Week Low
10/1/14 - $3.55
Market Cap
539.0M
Average Volume 10 Days
2.8M
EPS TTM
$0.13
Shares Outstanding
131.1M
EX-Date
--
P/E TM
28.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for HOVNANIAN ENTERPRISES-A (HOV)

hovnanian enterprises-a (HOV) Related Businessweek News

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hovnanian enterprises-a (HOV) Details

Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 192 communities in 34 markets. It also provides financial services comprising originating mortgages from homebuyers and selling such mortgages in the secondary market, as well as title insurance services. The company was founded in 1959 and is headquartered in Red Bank, New Jersey.

1,749 Employees
Last Reported Date: 12/20/13
Founded in 1959

hovnanian enterprises-a (HOV) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $600.0K
Chief Operating Officer
Total Annual Compensation: $590.4K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $317.5K
Vice President of Finance and Treasurer
Total Annual Compensation: $297.0K
Compensation as of Fiscal Year 2013.

hovnanian enterprises-a (HOV) Key Developments

Hovnanian Enterprises Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Reports Impairment Loss and Land Option Write-Offs for the Third Quarter of 2014; Provides Earnings Guidance for the Full Year 2014

Hovnanian Enterprises Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. Total revenues were $551.0 million in the third quarter of fiscal 2014, an increase of 15.2% compared with $478.4 million during the fiscal 2013 third quarter. Pre-tax income during the fiscal 2014 third quarter was $15.4 million compared with pre-tax income of $10.4 million in last year's third quarter. Net income was $17.1 million, or $0.11 per diluted common share, in the fiscal 2014 third quarter, compared with net income of $8.5 million, or $0.06 per diluted common share in the prior year's third quarter. EBIT was $51,079,000 against $46,094,000 a year ago. EBITDA was $53,026,000 against $47,939,000 a year ago. Adjusted EBITDA was $53,767,000 against $48,562,000 a year ago. For the first nine months of fiscal 2014, total revenues increased 7.9% to $1.36 billion compared with $1.26 billion in the first nine months of the prior year. During the nine months ended July 31, 2014, the pre-tax loss was $15.8 million compared with a pre-tax loss of $11.7 million during the same period a year ago. For the first nine months of fiscal 2014, the net loss was $15.3 million, or $0.10 per diluted common share compared with a net loss of $1.5 million, or $0.01 per diluted common share, which included $10.2 million of federal and state tax benefits, during the first nine months of fiscal 2013. EBIT was $88,593,000 against $92,213,000 a year ago. EBITDA was $94,404,000 against $98,713,000 a year ago. Adjusted EBITDA was $97,486,000 against $102,192,000 a year ago. Inventory impairment loss and land option write-offs for the quarter was $741,000 against $623,000 a year ago. The company expects to be profitable for the full fiscal 2014 year. It anticipates generating revenue growth from continued investments in new communities.

Hovnanian Enterprises Inc. to Report Q3, 2014 Results on Sep 04, 2014

Hovnanian Enterprises Inc. announced that they will report Q3, 2014 results at 2:15 PM, GMT Standard Time on Sep 04, 2014

Hovnanian Enterprises Inc., Q3 2014 Earnings Call, Sep 04, 2014

Hovnanian Enterprises Inc., Q3 2014 Earnings Call, Sep 04, 2014

 

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HOV Competitors

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Company Last Change
Beazer Homes USA Inc $16.68 USD +0.26
KB Home $14.72 USD -0.0768
M/I Homes Inc $20.15 USD +0.34
MDC Holdings Inc $25.29 USD +0.10
Meritage Homes Corp $34.54 USD -0.56
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Industry Analysis

HOV

Industry Average

Valuation HOV Industry Range
Price/Earnings 34.4x
Price/Sales 0.3x
Price/Book NM Not Meaningful
Price/Cash Flow 27.5x
TEV/Sales NM Not Meaningful
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